Unemployment in Chile

Chile Unemployment | Economic News & Forecasts

Chile - Unemployment

Growth dropped notably in the third quarter, after hitting a six-year high in the second quarter, amid faltering mining activity and weak external sector metrics. Mining GDP contracted for the first time in over a year in the quarter, largely as a result of lower copper output. In turn, this weighed on Chilean exports growth, which recorded the weakest print since Q2 2017. On the domestic front, private consumption lost some traction in Q3, against the backdrop of seven-year high unemployment and intensifying inflationary pressures. On a brighter note, a buoyant construction industry and sustained investment in machinery and equipment propped up solid fixed investment growth in Q3, which ticked up to an over five-year high. Overall, the fundamentals of the economy remain healthy with sequential data signaling a robust expansion in both consumption and investment activity in the third quarter.

Chile - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.9  6.4  6.2  6.5  6.7  

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Chile Unemployment Chart

Chile Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Insitute (INE) and FocusEconomics calculations

Chile Facts

Bond Yield4.46-0.44 %Jan 14
Exchange Rate673.70.05 %Jan 14
Stock Market27,065-0.67 %Jan 14

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